Pitcairn Co. Sells 2,439 Shares of TotalEnergies SE (NYSE:TTE)

Pitcairn Co. trimmed its stake in TotalEnergies SE (NYSE:TTE) by 29.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,855 shares of the company’s stock after selling 2,439 shares during the period. Pitcairn Co.’s holdings in TotalEnergies were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Clear Creek Financial Management LLC bought a new position in TotalEnergies in the fourth quarter worth about $345,000. Franklin Resources Inc. lifted its position in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after acquiring an additional 1,672,387 shares during the last quarter. Logan Capital Management Inc. boosted its stake in TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after acquiring an additional 13,331 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in TotalEnergies by 85.1% in the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after purchasing an additional 10,835 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $57.82 on Monday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The firm has a market capitalization of $138.64 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.98 and a beta of 0.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The company’s fifty day moving average price is $61.35 and its 200 day moving average price is $60.88.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.